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Verizon Wireless nixes contracts

September 23rd, 2008, 12:45 pm · Post a Comment · posted by Tamara Chuang, a.k.a. The Gadgetress

Verizon Wireless starts this week its new month-to-month agreements, which follows the lead of pay-as-you-go cell phone companies like Irvine’s Boost Mobile, Tracfone and others.

Customers can now buy cell phones for full price (!) without  any sort of long-term committment or early-termination fees. Customers can also bring a non-Verizon CDMA phone and get service through Verizon.

Of course, that means you won’t get the two-year contract discount. So, for example, the LG enV2 phone will now cost $279.99, instead of $ 149.99 with a 2-year plan.

The new month-to-month plans are available for all voice and data plans and for new and current customers. BUT if you’re a current customer, you must ride out your contract before you can switch to the month-to-month plan.

One note: This is different from pay-as-you go and pre-paid services from major cell phone carriers. The news today is month-to-month is available on all Verizon phones.

Verizon was the first major cell phone carrier to ease restrictions on its cell phone plans with a prorated plan back in 2006. AT&T followed suit a year later when it began offering pro-rated contracts. T-Mobile announced it would prorate contracts this summer.

More cell phone posts:

 

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